Ningxia Qinglong Pipes Industry Co.,Ltd.



Quote for Ningxia Qinglong Pipes Industry Co.,Ltd.

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Symbol/Code:
002457
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002457 quote

Summary for Ningxia Qinglong Pipes Industry Co.,Ltd.

Ningxia Qinglong Pipes Industry Co., LTD. is principally engaged in the research, development, manufacture and distribution of water supply and drainage pipes, as well as other pressure pipes. The Company primarily provides concrete pipes, including pre-stressed concrete cylinder pipes (PCCPs), pre-stressed concrete pipes (PCPs) and reinforced concrete pipes (RCPs), as well as plastic pipes, including unplasticized polyvinyl chloride (PVC-U) pipes and high density polyethylene (PE) pipes. The Company provides its products principally under brands named BLUE DRAGON, NEW DRAGON and JL.

Profile for Ningxia Qinglong Pipes Industry Co.,Ltd.

Full Name:Ningxia Qinglong Pipes Industry Co.,Ltd.
Full Name in Chinese:宁夏青龙管业股份有限公司 Short Name in Chinese:青龙管业
Symbol/Stock Code:
002457
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Chen Jiaxing
Secretary of the Board:
Ma Yue
Phone:
+86-951-5070380
Fax:
+86-951-5673796
Official Website:www.qlgd.com.cn
E-mail:qinglongguanye@126.com;myplace528@126.com;frpyn@163.co
Address:Hexi, Qingtongxia City,Hexi, Qingtongxia City,LINXIA GNS 751601
IPO Subscription Date:
2010-07-21
Listing Date:
2010-08-03
IPO Issued Capital:
35000000
IPO Price:
25 CNY
IPO fees:
35346700 CNY
Money Raised by IPO:
875000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
839653300 CNY
Open(Listing day):
31.22 CNY
Close(Listing day):
32.30 CNY
Diluted P/E ratio after IPO:
33.3300
Turnover rate(listing day):
84.05%

Financials for Ningxia Qinglong Pipes Industry Co.,Ltd.

UPDATE:2012-10-28 Annual Report Abstract:(All Currency In CNY)

Indicators/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Net Profit(after tax)(Million)
74.2005
119.7695
122.5952
117.0134
Net Profit Growth(%)
-27.70
-2.30
4.77
57.60
Return On Equity(ROE)(%)
4.67
7.79
8.58
23.93
Debt ratio(%)
17.79
17.39
19.42
45.70
Net Operating Cash Flow/Net Profit(%)
4.84
-48.23
-24.81
36.38

Per Share Financial Data:(All Currency In CNY)

Per Share Indicators/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Earnings Per Share(EPS)
0.2200
0.5400
0.6700
1.1700
Diluted Earnings Per Share
0.0000
0.5400
0.6400
1.0500
Net Asset Value Per Share (NAVPS)
4.7400
6.8800
10.2300
4.6800
Additional Paid-In Capital Per Share
2.4504
4.1753
7.0558
1.6427
Retained Earnings Per Share
1.1852
1.5455
1.9776
1.8512
Net Cash Flow From Operatings Activities Per Share
0.0110
-0.2600
-0.2200
0.4100
Net Cash Flow Per Share
-0.1669
-0.7409
4.7496
-0.5554

Balance Sheet:(All Currency In CNY)

Assets And Liabilities/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Total Assets(Million)
1949.3431
1872.853
1819.1934
963.727
Total Liabilities(Million)
346.8753
325.803
353.3239
440.5183
Current Liabilities(Million)
332.237
311.1646
339.2455
420.8983
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
556.2645
612.1786
784.8519
123.9618
Accounts Receivables(Million)
440.2451
476.5664
304.6603
182.4176
Deposit Received(Million)
104.1529
84.7451
160.616
158.8985
Other Receivables(Million)
45.3455
19.2627
19.4985
29.8706
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1589.3806
1537.4527
1428.1914
488.9178
Debt ratio(%)
17.79
17.39
19.42
45.70
Equity Ratio(%)
81.5300
82.0900
78.5000
50.7300
Current Ratio
4.7304
5.0017
4.5520
1.7021
Quick Ratio
3.5998
3.9336
3.5823
0.9941

Cash Flow Statement:(All Currency In CNY)

Cash Flow/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Cash From Selling Commodities(Million)
757.9786
877.7005
811.224
877.2883
Net Cash Flow From Operatings Activities(Million)
3.5916
-57.765
-30.4196
42.5654
Net Cash Flow From Operatings Activities Change(%)
-103.04
89.89
-171.47
1325.38
Net Cash Flow(Million)
-55.9138
-165.4601
662.954
-58.0817
Cash From Selling Commodities/Prime Revenue(%)
154.05
88.20
95.21
120.33
Net Cash Flow/Net Profit(%)
-75.36
-138.15
540.77
-49.64
Cash Flow From Investing Activities(Million)
-87.9623
-65.9796
-29.4358
-107.7231
Cash Flow From Financing Activities(Million)
28.4569
-41.7155
722.8093
7.0761

Income Statement:(All Currency In CNY)

Income Indicators/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Prime Operating Revenue(Million)
492.0322
995.1813
852.0718
729.0765
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
26.3614
62.9894
66.8807
49.3189
Administrative Costs(Million)
46.9482
63.1835
60.3328
41.4291
Financing Costs(Million)
-9.2099
-11.5044
2.1904
7.6322
Above Three Costs Change(%)
-7.28
-11.39
31.53
46.07
Operating Profit(Million)
79.9138
146.3218
146.959
139.76
Income From Investment(Million)
0.0191
0.0218
0.0519
7.8566
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
8.8755
-0.9958
5.533
4.1476
Total Profit(Million)
88.7893
145.326
152.492
143.9076
Corporate Income Tax(Million)
15.8125
24.0735
26.5095
24.0917
Net Profit(Million)
74.2005
119.7695
122.5952
117.0134
Gross Profit Ratio(%)
30.23
27.96
33.80
32.77
Operating Margin(%)
16.24
14.70
17.24
19.16
Return On Equity(ROE)(%)
4.67
7.79
8.58
23.93

Announcements for Ningxia Qinglong Pipes Industry Co.,Ltd.

Date: 2012-10-29
Title: EGM-SPOT
The Company will hold the 4th Extraordinary General Meeting of 2012 at 09:00 on 15 November 2012.

Meeting agenda:
1. Formulation of of management system for providing external financial aids
2. Amendments to the Company's articles of association


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 08 November 2012 are entitled to vote. Original notarized power of attorney for voting is required.
2. Directors of the board, supervisors of the supervisory committee, senior executives and appointed lawyers are entitled to attend the meeting.

Registration period: from 14 November 2012 to 14 November 2012
Date: 2012-09-03
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 31 August 2012, during which the following proposal(s) was/were approved:
1. Adjustment to capital increase plan for controlled subsidiary
2. Expansion of business scope and amendments to the Company's articles of association
3. Formulation of risk investment management system
4. Appointment of independent director
Date: 2012-08-16
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 09:00 on 31 August 2012.

Meeting agenda:
1. Adjustment to capital increase plan for controlled subsidiary
2. Expansion of business scope and amendments to the Company's articles of association
3. Formulation of risk investment management system
4. Appointment of independent director


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 28 August 2012 are entitled to vote. Original notarized power of attorney for voting is required.
2. Directors of the board, supervisors of the supervisory committee, senior executives and appointed lawyers are entitled to attend the meeting.

Registration period: from 30 August 2012 to 30 August 2012
Date: 2012-06-29
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 28 June 2012, during which the following proposal(s) was/were approved:
1. Increase in the Company's registered capital and amendments to the Company's articles of association
2. Amendments to the clauses of Company's articles of association in relation to profit distribution
3. Formulation of profit distribution policy and the plan for the shareholders' profit return for the next three years.
Date: 2012-06-07
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 15:00 on 28 June 2012.

Meeting agenda:
1. Increase in the Company's registered capital and amendments to the Company's articles of association

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 26 June 2012 are entitled to vote. Original notarized power of attorney for voting is required.
2. Directors of the board, supervisors of the supervisory committee, senior executives and appointed lawyers are entitled to attend the meeting.

Registration period: 27 June 2012
Date: 2012-04-25
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 24 April 2012, during which the following proposal(s) was/were approved:
1. 2011 work report of the board of directors
2. 2011 work report of the supervisory committee
3. 2011 financial resolution report
4. 2012 financial budget report
5. 2011 profit distribution plan
6. 2011 annual report and its summary
7. Reappointment of audit firm
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 5.00.
Date: 2012-03-29
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 29 March 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY1.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):5.0000.
Date: 2012-03-29
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:00 on 24 April 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 work report of the supervisory committee
3. 2011 financial resolution report
4. 2012 financial budget report
5. 2011 profit distribution plan
6. 2011 annual report and its summary
7. Reappointment of audit firm
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 5.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 18 April 2012 are entitled to vote. Original notarized power of attorney for voting is required.
2. Directors of the board, supervisors of the supervisory committee, senior executives and appointed lawyers are entitled to attend the meeting.

Registration period: 23 April 2012
Date: 2012-01-16
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:00 on 10 February 2012.

Meeting agenda:
1. Investment and setup of a subsidiary and implementation of the construction of pipe production project
2. Adjustment to the implementing party, methods and location of projects invested with raised funds
3. Expansion of the Company's business scope and amendments to the Company's articles of association

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 06 February 2012 are entitled to vote. Original notarized power of attorney for voting is required.
2. Directors of the board, supervisors of the supervisory committee, senior executives and appointed lawyers are entitled to attend the meeting.

Registration period: 09 February 2012
Date: 2011-08-01
Title: RESTRICTED SHARE LISTING
The Company's 67127005 restricted A-shares will be listed on the Shenzhen Stock Exchange as of 03 August 2011.